PROPERTY AND EQUIPMENT

9 Months Ended

12 Months Ended

Sep. 30, 2018

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	September 30, 2018		December 31, 2017
Office equipment	$	78,229	$	82,453
Lab equipment		2,375,505		1,695,604
Furniture		33,128		32,693
Leasehold Improvements		220,390		231,859
		2,707,252		2,042,609
Less: Accumulated depreciation		922,852		865,860
	$	1,784,400	$	1,176,749

Depreciation expense for the nine months ending September 30, 2018 and 2017 was $277,539 and $136,950. Depreciation expense for the three months ending September 30, 2018 and 2017 was $120,856 and $47,037. During the nine months ending September 30, 2018, the Company sold equipment for proceeds of $2,500 and a gain of $2,500. During the nine months ending September 30, 2018, the Company retired property and equipment and recorded a loss on the retirement of $12,584. During the three months ended September 30, 2018, the Company did not sell or retire property and equipment. During the three and nine months ended September 30, 2017, the Company did not sell or retire property and equipment.

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	December 31, 2017		December 31, 2016
Office equipment	$	82,453	$	55,817
Lab equipment		1,695,604		789,135
Furniture		32,693		32,693
Leasehold improvements		231,859		231,859
		2,042,609		1,109,504
Less: Accumulated depreciation		865,860		683,854
	$	1,176,749	$	425,650

Depreciation expense for the years ending December 31, 2017, 2016 and 2015 was $182,006, $179,720 and $160,068. During the second quarter of 2016, the Company sold equipment for proceeds of $19,500 and a gain of $644.